B2Gold (TSE:BTO) Price Target Cut to C$7.00 by Analysts at BMO Capital Markets

B2Gold (TSE:BTO) (NYSE:BTG) had its price target cut by BMO Capital Markets from C$8.50 to C$7.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

BTO has been the subject of a number of other research reports. Cormark upped their price target on B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Bank of America downgraded shares of B2Gold from a “buy” rating to an “underperform” rating in a report on Tuesday. Finally, Stifel Nicolaus increased their price objective on shares of B2Gold from C$6.00 to C$6.50 in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, B2Gold currently has an average rating of “Moderate Buy” and an average price target of C$5.79.

B2Gold Trading Down 0.3 %

Shares of B2Gold stock opened at C$3.60 on Tuesday. B2Gold has a 1-year low of C$3.18 and a 1-year high of C$4.84. The company’s fifty day simple moving average is C$3.81 and its 200-day simple moving average is C$3.98. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.93 and a quick ratio of 3.33. The stock has a market capitalization of C$4.72 billion, a PE ratio of -21.18, a P/E/G ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.054 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.22 annualized dividend and a dividend yield of 6.00%. B2Gold’s dividend payout ratio (DPR) is -129.41%.

Insider Activity

In other B2Gold news, Senior Officer Randall Chatwin acquired 10,153 shares of the stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of C$3.51 per share, for a total transaction of C$35,637.03. Corporate insiders own 0.66% of the company’s stock.

About B2Gold

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.